SQX Resources Limited (AU:SQX)
ASX:SQX
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SQX Resources Limited
(Sydney:SQX)
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Rating:49Neutral
Price Target:
AU$0.15
â–˛(6.43% Upside)
Action:ReiteratedDate:03/26/26
The score is held back primarily by weak fundamentals (zero recent revenue, ongoing losses, and negative operating/free cash flow). Technicals provide partial support with price above key moving averages, but momentum is muted. Valuation remains challenged due to negative earnings and no dividend yield data.
Positive Factors
Low leverage / strong balance sheet
Very low debt and a balance sheet largely funded by equity provide durable financial flexibility for an exploration company. This reduces refinancing risk, supports ongoing exploration spending without heavy interest burden, and preserves optionality to pursue JV or farm-out deals over months.
Negative Factors
Zero recent revenue
Having no revenue for consecutive years leaves the company reliant on external capital rather than operations to fund exploration. This structural lack of operating cash inflow increases vulnerability to capital market cycles and raises execution risk for advancing projects sustainably.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Very low debt and a balance sheet largely funded by equity provide durable financial flexibility for an exploration company. This reduces refinancing risk, supports ongoing exploration spending without heavy interest burden, and preserves optionality to pursue JV or farm-out deals over months.
Read all positive factors
SQX Resources Limited (SQX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$10.69M
Dividend YieldN/A
Average Volume (3M)490.06K
Price to Earnings (P/E)―
Beta (1Y)0.82
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)N/A
Shares Outstanding71,250,000
10 Day Avg. Volume171,363
30 Day Avg. Volume490,059
Financial Highlights & Ratios
PEG Ratio-0.10
Price to Book (P/B)<0.01
Price to Sales (P/S)0.00
P/FCF Ratio-4.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SQX Resources Limited Business Overview & Revenue Model
Company Description
SQX Resources Ltd. operates as an early-stage exploration company. It seeks to explore and develop the prospects. The company was founded on May 2, 2022 and is headquartered in Brisbane, Australia....
How the Company Makes Money
Publicly available, company-specific details describing SQX Resources Limited’s revenue model and current revenue streams are null. In general, mineral exploration companies may generate value through (i) raising capital to fund exploration progra...
SQX Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 0.00 | 0.00 | 25.18K |
| Gross Profit | 0.00 | 0.00 | 25.18K |
| EBITDA | ― | -886.00 | -1.25K |
| Net Income | -977.00 | -756.00 | -1.44K |
Balance Sheet | |||
| Total Assets | 2.33M | 3.31M | 3.96M |
| Cash, Cash Equivalents and Short-Term Investments | 1.50M | 2.18M | 2.97M |
| Total Debt | 3.96K | 18.22K | 0.00 |
| Total Liabilities | 102.80K | 104.89K | 96.00K |
| Stockholders Equity | 2.23M | 3.21M | 3.87M |
Cash Flow | |||
| Free Cash Flow | -666.00 | -778.00 | -1.49K |
| Operating Cash Flow | -631.00 | -577.00 | -527.00 |
| Investing Cash Flow | -35.00 | -201.00 | -965.24K |
| Financing Cash Flow | -14.00 | -10.00 | 4.23M |
SQX Resources Limited Technical Analysis
Negative
0.14
Price Trends
0.18
Negative
0.16
Negative
0.14
Positive
Market Momentum
>-0.01
Negative
42.46
Neutral
32.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SQX, the sentiment is Negative. The current price of 0.14 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.18, and above the 200-day MA of 0.14, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.46 is Neutral, neither overbought nor oversold. The STOCH value of 32.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SQX.
SQX Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | AU$10.69M | -2.84 | -0.03% | ― | ― | ― | |
45 Neutral | AU$16.58M | -3,062.78 | 5.86% | ― | ― | ― | |
45 Neutral | AU$5.63M | -0.39 | -330.13% | ― | ― | 61.60% | |
42 Neutral | AU$5.12M | -5.18 | -18.13% | ― | ― | 21.62% | |
41 Neutral | AU$5.85M | -0.93 | -120.84% | ― | ― | -349.06% | |
| ― | AU$4.73M | -5.50 | -26.98% | ― | ― | 4.35% |
* Basic Materials Sector Average
AU:SQX
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SQX Resources Limited Corporate Events
SQX Resources Unveils Promising Maiden Drilling Results at Red Bird Gold Project
Apr 1, 2026
SQX Resources has reported strong initial assay results from its maiden reverse circulation drilling campaign at the Red Bird Gold Project in Arizona, confirming a substantial, shallow epithermal gold system. The first eight of 25 drill holes retu...
SQX Resources Requests Trading Halt Ahead of Red Bird Drilling Results
Mar 29, 2026
SQX Resources Limited has requested an immediate trading halt in its securities on the ASX as it prepares to release material drilling results from its Red Bird Gold Project in Arizona. The halt is intended to help the company manage its continuou...
SQX Resources Addresses ASX Query on Director Trading During Closed Period
Mar 23, 2026
SQX Resources Limited has responded to an ASX compliance query regarding trading in its securities by director Bevan Tarratt during a closed period, acknowledging that a statement in a previous Appendix 3Y about no trading in a closed period was a...
SQX Resources Revamps Board in Interim Corporate Update
Mar 16, 2026
SQX Resources Limited has updated its corporate directory in its interim financial statements for the period ended 31 December 2025, detailing changes to its board and governance structure. The company has appointed Bevan Tarratt as Executive Chai...
SQX Completes Maiden Drilling Program at Red Bird Gold Project in Arizona
Feb 24, 2026
SQX Resources has completed a maiden 2,509m reverse circulation drilling program at its Red Bird Gold Project in Arizona, using a slimline, high-mobility Grasshopper rig to operate efficiently in rugged terrain with a low environmental footprint. ...
SQX Resources Discloses Final Director Interest Notice for Departing Board Member
Feb 10, 2026
SQX Resources Limited has notified the ASX that director Mr. Patrick Glovac ceased to be a director on 10 February 2026, with this notice following his last disclosure dated 13 January 2026. The filing details that while he holds no securities as ...
SQX Resources Cuts Equity Overhang as 15.8 Million Options Expire
Feb 10, 2026
SQX Resources Limited has notified the ASX of the cessation of 15,835,478 securities under the code SQXO due to the expiry of options or other convertible securities without exercise or conversion. The move reduces the company’s pool of pote...
SQX Resources names capital markets veteran Bevan Tarratt as Executive Chairman
Feb 9, 2026
SQX Resources Limited has appointed experienced capital markets executive Bevan Tarratt as Executive Chairman, replacing outgoing chair Patrick Glovac with immediate effect. Tarratt, a former director and major shareholder of Locksley Resources an...
SQX Resources Discloses New Director Julian Stephens’ Significant Equity Interests
Feb 9, 2026
SQX Resources Limited has appointed Dr Julian Rodney Stephens as a director effective 4 February 2026, and has disclosed his interests in the company’s securities in accordance with ASX listing rules. While Dr Stephens holds no shares direct...
SQX Resources Strengthens Board with Appointment of High-Profile Geologist as Executive Director
Feb 3, 2026
SQX Resources Limited has appointed veteran geologist and mining executive Dr Julian Stephens as Executive Director to lead its exploration strategy and technical operations, following shareholder approval at the company’s 2025 AGM. With mor...
SQX Resources Launches Maiden Drilling Program at Red Bird Gold Project in Arizona
Feb 2, 2026
SQX Resources has commenced a maiden 2,500-metre reverse circulation drilling program at its Red Bird Gold Project in Arizona through its 80%-owned subsidiary AM6 Mining LLC, marking a key operational milestone in its North American gold explorati...
SQX Resources Confirms Bonanza-Grade Gold at New US Projects and Bolsters Balance Sheet
Jan 30, 2026
SQX Resources has reported bonanza-grade gold assays from underground sampling at its newly acquired Red Bird Gold Project in Arizona, with results up to 49.2 g/t gold confirming and in some cases exceeding historical data, and reinforcing the pot...
SQX Resources Confirms High-Grade Gold at Red Bird Ahead of Maiden Drilling
Jan 26, 2026
SQX Resources has reported high-grade surface chip channel gold assays from its Red Bird Gold Project in Arizona, including 11.5 metres at 3.0 grams per tonne gold with multiple higher-grade internal intervals, which corroborate historical samplin...
SQX Resources Sets February Deadline for Exercise of Listed Options
Jan 15, 2026
SQX Resources Limited has announced the impending expiry of its listed options (ASX: SQXO), which are exercisable at $0.30 per option into fully paid ordinary SQX shares on a one-for-one basis. The company has dispatched personalised expiry and ex...
SQX Resources Director Increases Indirect Shareholding via On‑Market Purchase
Jan 12, 2026
SQX Resources Limited has disclosed a change in the indirect holdings of director Patric Michael Glovac, reflecting an on‑market purchase of additional fully paid ordinary shares through his associated entity, Murdoch Capital Pty Ltd. Follow...
SQX Resources Director Patric Glovac Increases Indirect Shareholding via On-Market Purchase
Jan 11, 2026
SQX Resources Limited has reported a change in the indirect interests of director Patric Michael Glovac following an on-market purchase of 120,000 fully paid ordinary shares for $17,650 through Murdoch Capital Pty Ltd as trustee of The Glovac S/Fu...
Mining Projects Accelerator Ceases to Be Substantial Shareholder in SQX Resources
Jan 8, 2026
Mining Projects Accelerator Pty Ltd has notified SQX Resources Limited that it has ceased to be a substantial shareholder as of 7 January 2026. The change in status resulted from dilution following a share issue by SQX Resources, which reduced Min...
SQX Resources Issues 20 Million Shares to AM6 Shareholders
Jan 6, 2026
SQX Resources Limited has issued 20 million fully paid ordinary shares as consideration to the shareholders of AM6 Pty Ltd, expanding its share base through this equity-based transaction. The company stated that the shares were issued without a pr...
SQX Resources Issues 30 Million Unquoted Performance Rights Linked to AM6 Milestones
Jan 6, 2026
SQX Resources Limited, listed on the ASX under the code SQX, has issued 30 million unquoted performance rights tied to milestones related to its AM6 Projects, with the securities not intended to be quoted on the exchange. The move, effective 7 Jan...
SQX Resources Seeks ASX Quotation for 20 Million New Shares
Jan 6, 2026
SQX Resources Limited has applied to the ASX for quotation of 20 million new ordinary fully paid shares, to be issued on 7 January 2026 under its existing capital management framework. The move expands the company’s listed securities base an...
SQX Resources Secures Drilling Permits for Maiden Red Bird Gold Campaign in Arizona
Jan 6, 2026
SQX Resources has secured final drilling permits from the US Bureau of Land Management for its Red Bird Gold Project in Arizona, enabling immediate commencement of road and drill pad construction and a maiden 2,500-metre reverse circulation drilli...
SQX Resources Secures 80% of High-Grade US Gold Projects with AM6 Acquisition
Jan 6, 2026
SQX Resources Limited has completed the acquisition of 80% of AM6 Pty Ltd, securing majority ownership of the high-grade Williams gold-silver project in Montana and the Red Bird gold project in Arizona, following shareholder approval, due diligenc...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.